Praemium deal to bring the UK market SMAs

Praemium is still relatively unknown in the UK financial services arena but has a strong presence in the Australian investment platform market through its V-Wrap product and its SMA offering. Under a deal signed with Capita, Praemium will soon be able to enter the UK market and offer financial advisers the ability to offer clients their own branded SMAs which essentially behave like any other fund but come at a lower cost to existing collective investment funds. The deal will actually involve Praemium supplying SMAs to intermediaries through its V-Wrap - currently being developed for the ...